Do you need to make a will? Most Americans don't think so. They think wills are only for people with millions of dollars in assets.
The truth is that if you have anyone financially dependent on you, you need to look into making a will. If you do not, then the state of Florida will distribute your assets according to its guidelines - which may not match your wishes or the needs of your family.
You should connect with a TriCounty Area FL estate planning lawyer. You should also have a financial planner on your team - but an attorney who works in estate planning can help connect you with a good advisor or can assist with these needs as well. Be sure to select an attorney who understands Florida probate and tax laws - don't find a lawyer from another region and if you wind up moving to another state, think about having this document rewritten to match the needs of your new locale.
The best professionals are not going to offer pre-written plans for your estate, but will instead custom design your plan so that its in line with your goals and desires as well as with the level of assets that you own.
If your estate will be subject to tax, a good estate planner will help work on ways of reducing the tax burden to your family. This might involve the creation of trusts - which a good lawyer with advanced tax knowledge can handle easily. You should also consider making a living will or advance directive, especially if you have family members with conflicting strong feelings on the matter.
Although your estate might be too modest to entail any real tax concerns - making a will is still important, and it is also vital to get knowledgeable advice on proper wording so that things are passed down just as you want them to be. Choosing a lawyer is a very important step and this is not something that you should do solely upon advertisements.
The truth is that if you have anyone financially dependent on you, you need to look into making a will. If you do not, then the state of Florida will distribute your assets according to its guidelines - which may not match your wishes or the needs of your family.
You should connect with a TriCounty Area FL estate planning lawyer. You should also have a financial planner on your team - but an attorney who works in estate planning can help connect you with a good advisor or can assist with these needs as well. Be sure to select an attorney who understands Florida probate and tax laws - don't find a lawyer from another region and if you wind up moving to another state, think about having this document rewritten to match the needs of your new locale.
The best professionals are not going to offer pre-written plans for your estate, but will instead custom design your plan so that its in line with your goals and desires as well as with the level of assets that you own.
If your estate will be subject to tax, a good estate planner will help work on ways of reducing the tax burden to your family. This might involve the creation of trusts - which a good lawyer with advanced tax knowledge can handle easily. You should also consider making a living will or advance directive, especially if you have family members with conflicting strong feelings on the matter.
Although your estate might be too modest to entail any real tax concerns - making a will is still important, and it is also vital to get knowledgeable advice on proper wording so that things are passed down just as you want them to be. Choosing a lawyer is a very important step and this is not something that you should do solely upon advertisements.
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